Known for his research on productivity in the service sector, models of money demand, and pricing in markets subject to "hit and run" competition, this economist is a perennial contender for a Nobel Prize in Economics. His recent work has concentrated on the role of the entrepreneur in a market economy. He is also an accomplished artist.Congratulations to Seita Kawamoto for being the first to correctly identify William Baumol as the famous economist.
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The economist is William J. Baumol. He is an economics professor at New York University and also is a past president of the American Economic Association. He has contributed a lot of theory in the economic field. Some of his famous theories are contestable markets,the Baumol-Tobin model of transactions demand for money, and Baumol's cost disease.
The economist is William J. Baumol. He is an economics professor at New York University and also is a past president of the American Economic Association. He has contributed a lot of theory in the economic field. Some of his famous theories are contestable markets,the Baumol-Tobin model of transactions demand for money, and Baumol's cost disease.
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